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Ruling Limits Schnucks' Data Breach Liability to $500K


A U.S. District Court judge ruled in January that a certain retailer involved in a 2012-2013 data breach is only liable to pay a maximum of $500,000 in damages following the breach. 

Posted By Halley Hayden read more

Holiday Shopping = Retail Data Breach Concerns


The holiday season means more people are shopping – many with debit and credit cards.  One year after the Target data breach, the real threat of retail data breach is a continued concern for credit unions and their members in Missouri. 

Posted By Amy McLard read more

Missouri’s Credit Unions Feel Impact from Home Depot Data Breach


The Home Depot data security breach hit credit unions hard, including credit unions in Missouri. The total cost to Missouri credit unions is estimated at $759,408, with a nationwide cost of nearly $60 million. These incurred costs include reissuing debit and credit cards, dealing with fraud and covering other costs once the breach was disclosed in September. 

Posted By Nora Holloway read more

McCaskill Leads Questioning on Data Breach, Credit Union Costs During Hearing


Missouri U.S. Senator Claire McCaskill (D) helped draw attention to who pays the price when data breaches take place – and public confusion about the issue. 

“I don’t think people understand… a lot of the costs associated with this breach – in fact, the majority of them – fall to credit unions and local banks instead of Target,” says McCaskill. 

Posted By Nora Holloway read more
Posted By Nora Holloway read more

Missouri Feedback on Data Breach Surveys


Credit unions in Missouri are sharing the impact of data breaches in the Show-Me State by participating in the Target and Schnucks surveys.  But more feedback is needed from Missouri's credit unions.

So far, 34 credit unions in Missouri have completed the Credit Union National Association (CUNA) Target survey. As of January 17, there were 936 responses from credit unions nationwide. Take the survey here.

Posted By Nora Holloway read more

Sen. Blunt Introduces "Data Security Act"


Missouri U.S. Senator Roy Blunt (R) is the lead Republican sponsor for a data security bill that would help protect consumers from identity theft and account fraud. It would also establish consistent rules of the road nationally for public and private institutions to follow to prevent and respond to data breaches.

Blunt introduced the “Data Security Act of 2014” together with U.S. Senator Tom Carper (D-Delaware) on January 15.

Posted By Nora Holloway read more
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